公司外汇怎么申报FTCsuesiBackPack,saysfirmspentcrowdfundingdollarsonpersonalitems

2020-02-05   阅读:108

  公司外汇怎么申报FTC sues iBackPack, says firm spent crowdfunding dollars on personal itemsFTC sues iBackPack, says firm spent crowdfunding dollars on personal items Developers of a high-tech backpack are under fire from the US Federal Trade Commission for what the agency says were deceptive crowdfunding practices.The FTC said in a release Monday that Douglas Monahans company, iBackPack of Texas, LLC, raised $$800,000 from consumers over four fundraisers. The agency filed a complaintMonday in the Southern District Court of Florida, alleging that iBackPack and Monahan used "a large share of the funds on various personal expenses." The money was meant for development, production and delivery of products, but the FTC said that to date no backpacks have been delivered."While hundreds of consumers have complained about the campaigns, defendants largely have ignored refund requests and then shut down the company, have transferred the remaining money to unrelated companies run by defendant Monahan, and have ceased communications with consumers," the complaint said. Andrew Smith, Director of the FTCs Bureau of Consumer Protection, said those who raise money through crowdfunding dont have to guarantee their idea will work, but the funds have to be dedicated to work on the idea. Monahan first sought funding for iBackPack in 2015. By November 2020, the crowdfunding campaign had raised $$720,000, according to the FTC. The backpack had a distribution date of March 2016, which was missed, and Monahan began another fundraiser on Kickstarter. The second fundraiser ended in April 2016, garnering an additional $$76,000. Around the same time, Monahan started two more campaigns on Indiegogo and raised $$11,000, according to the FTC.Monahans website and the campaigns are still online. Consumers have voiced their displeasure in the comments section demanding their money back, citing Kickstarters terms of use. According to the Indiegogo campaign, the iBackPack would be able to hold "all your electronics" and would come with an optional built-in Wi-Fi connection and batteries "galore." The TSA-friendly pack, with a built-in rain hood and 30 compartments, would make sure all your electronics are charged.Monahan didnt immediately respond to request for comment.Originally published May 7.Update, May 8: Adds our reaching out to Doug Monahan for comment.

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